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Archive for December 13th, 2011

Article from SFGate.

Forecasts solid for 2012 profits

“Profit forecasts for computer and software makers are holding up better than any other industry in the world, a sign of confidence that corporate spending will keep the American economy expanding next year.

Net income at companies from Apple Inc. to Oracle Corp. will rise 11 percent in 2012 on average, according to more than 2,900 analyst projections compiled by Bloomberg. The profit estimate is down 2.3 percent from its peak this year, the smallest reduction of any industry in the MSCI World Index.

The resilience in technology, which accounts for more of the U.S. market than any other industry, underscores optimism that the American economy is recovering.”

Read more here.

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